News

Wendy’s franchisee gets a major boost

December 6, 2010

GE Capital’s Franchise Finance bank affiliate GE Capital Financial Inc. has provided $10.5 million to Wendy’s franchisee Legacy Restaurant Group LLC to help refinance existing debt.

Legacy is based in Topeka, Kan., and owns and operates Wendy’s restaurants throughout the state.

"Our strong working relationship with Legacy Restaurant Group made a big difference in getting this financing done,” said Marques Bayne, vice president of GE Capital. “Our commitment to our customers enables us to help them take advantage of improved loan market conditions.”

GE Capital, Franchise Finance is a leading lender for the franchise finance market via direct sales and portfolio acquisition. It has provided financing for numerous quick-service franchisees, including Jack in the Box and Burger King.